Oh boy, what do we make of this? We haven't paid that much attention to the whole thing as of yet, but with a recent public statement on why they do what they do, I think it's about time to address this thing. Yes, Lulz Security, the hacking group (or whatever they are) that's been causing quite a bit of amok on the web lately.

Thats a really BS reply the government never required or even asked them to give out interest only loans, to require zero income verification, to abuse a risk pooling algorithm to absurdly wrong data. Its like a kidnapper blaming his career of crime on his parents for asking him to make a living.

Thats a really BS reply the government never required or even asked them to give out interest only loans, to require zero income verification, to abuse a risk pooling algorithm to absurdly wrong data. Its like a kidnapper blaming his career of crime on his parents for asking him to make a living.

The government backed up untold numbers of loans, essentially promising they could not fail. Banks got the rewards for successful loans, the government got the shaft for the failed ones. Please tell me how that wasn't a golden parachute instituted by the government? With Fair Housing acts and other "projects, they basically created the bubble int eh first place.

There's plenty of documentaries, articles, and essays on this topic out there - please don't come telling me I'm full of shit without doing some research of your own first.

Edit: Oh, and in case you think I'm somehow bitter about it - I'm not. In fact, this economic crash has turned out to be an awesome situation for me